he company had a profit of 450,000. 4. Assuming that we have partners A and B which agree for a 80 %, 20 % sharing respectively Also, B is a capitalist partner. How much will B get in total?
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- The company had a profit of 450,00. 1. Assuming that there are three partners that agreed to share equally , how much will each partner get?X and Y are partners having Capitals of $80,000 and $20,000 respectively and a profit sharing ratio of 4 : 1. Z is admitted for 1/5 th share in the profits of the firm and he pays $30,000 as Capital. Find out the value of the Goodwill.Profit sharing to the Andara firm which got a loss of IDR 15,820,800, - which is a mustborne by Sani, Rina and Tika as allies involved. Profit formation and sharingin accordance with the agreement are as follows;1. Tika's share is 20% of profit / loss2. Sani and Rina get interest for the initial capital of IDR 2,500,0003. Sani gets a salary of IDR 100,000 / month and Rina IDR 150,000 / month4. The remainder is divided equally among Sani and Rina.Calculate the total partnership capital based on the profit sharing at the Andara firm!
- Profit sharing to the Andara firm which got a loss of Rp. 15,820,800, - which is a mustborne by Sani, Rina and Tika as allies involved. Profit formation and sharingin accordance with the agreement are as follows;1. Tika's share is 20% of profit / loss2. Sani and Rina get interest for the initial capital of IDR 2,500,0003. Sani gets a salary of IDR 100,000 / month and Rina IDR 150,000 / month4. The remainder is divided equally among Sani and Rina. Calculate the total partnership capital based on the profit sharing at the Andara firm!The following are the capital balances and share in each profit of Ring Partnership:Aragorn 150 40%Legolas 250 40%Gimli 300 20% 9. If Gandalf was admitted by investing sufficient cash for 20% interest, how much must be his investment?10. If Gandalf was admitted by paying the partners P100 for 10% interest in the firm, how much will be the capital of Aragorn after the admission if implied goodwill was recorded?11. How much did Gandalf have invested for 25% interest if after his admission in the firm the capital balance of Legolas increased by P20?12. If Gimli withdrew from the firm and received P360, how much is the capital of Legolas if prior to withdrawal, the firm recorded a goodwill of P200.13. If the partnership was liquidated and P250 is ready for distribution, how much will Gimli received?14. If the partnership was liquidated and Gimli received P210, how much did Legolas received?…THEY APPOINTED MARAWI AS MANAGING PARTNER, WHO WILL RECEIVE A SALARY OF P 10,000 PER MONTH. MITOR WILL BE AN INDUSTRIAL PARTNER WHO WILL RECEIVE A JUST SUM OF 10% OF THE NET PROFITS. MISERIA ON THE OTHER HAND , CHOSE TO BE A LIMITED PARTNER AND THE LIQUIDATING PARTNER. THE PROFITS WILL BE DIVIDED ACCORDING TO THEIR CAPITAL CONTRIBUTION AFTER DEDUCTING THE SALARIES OF MANAGING PARTNER MARAWI AND 10% SHARE OF MITOR. REQUIRED: JOURNALIZE THE INITIAL INVESTMENTS OF 4 MARIAS LAUNDRY SHOP LTD. (ASSUMING ALL EXPENSES WERE PAID IN CASH AND THE BUSINESS OPERATED FOR 12 MONTHS)
- The following data were taken from the books of A&B Co, a partnership of Alpha and Beta for 20x1: Alpha Capital 240,000 Beta, Capital 360,000 PL ratio 1:2 Net income for the year 260,000 The partners agreed on the following profit and loss sharing terms: Salary of P 5,000 a month for Beta 10% interest on the capital balances 20% bonus for Alpha Round your answer to the nearest thousandth. How much is the share of Beta if bonus is to be computed after deducting salaries and interest? P 171,000 P 156,000 P 104,000 Some other amount How much is the share of Alpha if bonus is to be computed after salaries, interest and bonus? P 89,000 P 171,000 P 86,000 P174,000(see attached image, please answer it based on your knowledge, thank you!) The JR Asia Consultancy Firm is owned and managed by two CPAS, Joffre and Ric. Initial investments of the partners are: Joffre P800,000 and Ric P400,000. Two options on how to distribute the profit are being considered by the partners: Option 1: Distribute profit based on capital contributions after a 20% bonus is given to Ric based on profit for distribution. Option 2: Distribute profit by giving them a 10% interest on contributions, a salary allowance of P100,000 to Ric as managing partner, and the remaining profit to be divided equally between them. Due to the disparity in the contributions, the partners want to find out if it will be better to use option 2. The objective is to find a way of compensating fairly the partners considering not only asset contribution but als0 contribution in the form of time and expertise. a. Prepare two tables to show the profit distribution under two option plans if profits at…Pozon, Ventic and Biore are partners. Pozon is an industrial partner. During the first year of operation, the firm realized a profit of P30,000. During the second year, the firm sustained a loss of P60,000. In the Articles of Partnership, it was agreed that Pozon, the industrial partner would get one-third of the profit but would not share in the losses. How much will Pozon, the industrial partner get? a.Pozon will get only P10,000 which is one-third of the profit. b.Pozon will get only P20,000 in the first year and none in the second year. c.Pozon will share in the loss in the second year. d.Pozon will get only P20,000 which is 1/3 of the profit of first year of operations
- The net loss of a XYZ partnership for the year is P100,000. Partner X is to be given a salary of 5,000 per month. The capital balances of X, Y and Z are P 150,000, P 160,000, and P 140,000, respectively. Interest in the capital balance will be given at a rate of 15%. Bonus of 10% after salaries and interest is given to partner Z. Remaining profit is to be distributed equally to the partners. In the process of journalizing the distribution of the loss, what will be done to the capital of X and in what amount? A. Credited by P 14,250 B. Debited by P 6,666 C. Credited by P 6,666 D. Debited by P 14,250Brock Associates invested $80,000 in a business venture with the following results:MARR is 12%. Determine the internal rate of return and whether or not this is a desirable venture.Brock Associates invested $80,000 in a business venture with the following results: MARR is 12%. Determine the external rate of return and whether or not this is a desirable venture.